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Australian dollar rises

The Australian dollar has risen slightly Monday, buying 69.30 US cents from 69.22 US cents on Friday.

On Friday morning, the local currency was at 69.23 US cents from 69.05 US cents on Thursday.

On Thursday, the Aussie rose, buying 68.85 US cents from 68.76 US cents on Wednesday.

On Wednesday, it steadied and bond yields hit historic lows as investors wager many more central banks elsewhere would soon join the global easing train.

Adding to the relief on Wednesday was news US President Donald Trump would meet with Chinese President Xi Jinping at the G20 summit later this month and trade talks would restart.

The Aussie got a leg up to 68.76 US cents after striking a near six-month trough of 68.32 overnight.

The last time it spent any real time at these depths was in January 2016.

Much will now depend on how dovish the US Federal Reserve sounds after its policy meeting later in the global day, with investors betting heavily it will signal the possibility of a rate cut as early as July.